Nuclear power plant operator Exelon will cut 500 support staff positions. The cuts will include 100 managers at Exelon’s ComEd utility in Illinois. The firm will also freeze executive salaries and reduce compensation plans. Exelon has just under 20,000 employees. Exelon Corporation is an electricity generating and distributing company headquartered in Chicago. It was created in 2000 by [...]
Continue reading...Tuesday, May 19, 2009
Medtronic will eliminate between 1,500 and 1,800 jobs from its global workforce by the end of June. The manufacturer has implemented a salary freeze and a 5% executive pay cut. Meanwhile, Medtronic is planning to add 700 jobs through next year. The firm employs 39,000 workers globally. Medtronic, based in Minneapolis, Minnesota, is the world’s largest medical technology [...]
Continue reading...Monday, May 18, 2009
The city of Orlando, Florida will cut 342 jobs, or 10% of its workforce. The city will eliminate 222 filled and 120 vacant positions. The cuts include 50 firefighters and 15 police officers. The cuts take effect in October. Orlando is also freezing the salaries of appointed officials, and cutting department budgets by 12%. Founded in 1875, Orlando [...]
Continue reading...Thursday, May 7, 2009
San Jose Mayor Chuck Reed has proposed a budget that could eliminate 150 city jobs. The Northern California city has a $77.5 million budget shortfall for the 2009-2010 fiscal year. The mayor is calling for a cancellation of all raises and bonuses for the year, which might prevent layoffs. Top city officials are taking a 3.75% pay [...]
Continue reading...Sunday, April 26, 2009
American Express will hold another round of layoffs, after cutting 7,000 jobs in October 2008, decimating its work force. The credit card concern also froze salaries at that time. The number of employees who will be affected was not released. American Express Company is a diversified global financial services company that is headquartered in New York City, [...]
Continue reading...Saturday, April 18, 2009
Seattle Mayor Greg Nickels will eliminate 59 city positions to help close a $43 million budget gap. Nickels will cut $13.3 million from the city’s 2009 general fund budget, and furlough some professional staffers in various departments. In March the mayor froze 100 senior city executives’ salaries. Certain city employees will have to take at least [...]
Continue reading...Thursday, April 16, 2009
Unpronounceably-named computer chip manufacturer Xilinx will trim 6% of its global workforce, eliminating 200 jobs. The firm is cutting executive salaries and freezing compensation for others. CEO Moshe Gavrielov will have his annual salary reduced by 20% to $560,000. The board of directors will also see a 20% cut. Xilinx is the world’s largest supplier of programmable [...]
Continue reading...Friday, April 10, 2009
American Airlines has announced hiring and salary freezes for most non-union positions. About 19,000 workers will see their wages frozen. Fort Worth, Texas-based American, a subsidiary of AMR, will not continue annual 1.5% pay increases for independent, management or support staff positions. Certain employees who are currently below the pay-range maximum will be provided with 2009 pay [...]
Continue reading...Wednesday, April 8, 2009
Boston Mayor Thomas M. Menino has proposed laying off 565 city workers, including public school teachers, police officers, and librarians. The job cuts are a response to the national recession and decreases in state aid. The proposed budget includes layoffs for 212 teachers and classroom aides, 67 police officers, 44 police cadets, 39 community center employees, and [...]
Continue reading...Monday, March 30, 2009
The Maury Regional Medical Center of Columbia, Tennessee is cutting 25 jobs and freezing salaries. The Center employs more than 2,100 people. Five nurses are among those affected. The hospital cites a significant drop in reimbursements from payers for care provided, and a 44% increase in charity care so far in the hospital’s current fiscal year. Salaries will [...]
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Thursday, June 18, 2009
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